EastGroup Properties, Inc. (NYSE: EGP), a member of the S&P Mid-Cap 400 and Russell 2000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in high-growth markets throughout the United States with an emphasis in the states of Texas, Florida, California, Arizona and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 20,000 to 100,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. The Company's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 63.1 million square feet.
Sunbelt Strategy | EastGroup Properties' focus on Sunbelt markets and shallow bay properties positions it uniquely in the industrial real estate sector, potentially insulating it from global trade volatility. |
Financial Resilience | With a "GREAT" financial health score and strong profit margins, EastGroup demonstrates robust performance amidst market uncertainties. Analysts project an average price target of $188. |
Adaptive Tactics | Delve into EastGroup's shift from development to acquisitions, a strategic move that could provide competitive advantages in the current market environment. |
Market Challenges | Explore how EastGroup navigates industrial sector slowdown and tariff-related uncertainties while maintaining high occupancy rates and adjusting its growth strategies. |
Metrics to compare | EGP | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipEGPPeersSector | |
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P/E Ratio | 38.2x | −39.8x | 8.9x | |
PEG Ratio | −12.27 | −0.65 | 0.01 | |
Price/Book | 2.7x | 1.1x | 0.9x | |
Price / LTM Sales | 13.3x | 1.2x | 4.0x | |
Upside (Analyst Target) | 8.8% | 24.9% | 11.5% | |
Fair Value Upside | Unlock | 16.8% | −0.1% | Unlock |